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Union Budget and fiscal
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Net tone▼ −33% today
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▼ bearishMounting govt debt and AI capex: what higher interest rates mean for IndiaGlobal sovereign debt and AI-related corporate borrowing are pushing interest rates higherAIGlobal marketsRepo rate
● mixedHow might a U.S. fiscal crisis unfold? Capital Economics charts the pathUS deficitUS economyUS inflation
Data● mixedThe week ahead in numbers: Factory growth, GST collections, vehicle salesThe week ahead includes factory growth, GST collections and vehicle salesGSTTax collectionsAuto sales
Policy● mixedWhite House moves to block $810 million in funding through pocket rescissionWhite House seeks to block $810 million in appropriated fundsUS deficit
Policy● mixedUK to confirm homebuying loan scheme in October budgetUnited KingdomHousingHousing finance
Market move● mixedMarket Talk: UK budget 'needs to be funded and credible'United KingdomGlobal bonds
Policy● mixedGovt keeps restraint, H2 borrowing pegged at Rs 7.86 lakh croreGovernment borrowingG-secs
Policy▲ bullishLower borrowing plan signals tax buoyancy, offers relief for bond yieldsNet market borrowings remain aligned with budgeted levelsGovernment borrowingG-secsBond yields
Data● mixedNet borrowing stays at Budget level, signalling fiscal prudence amid pressures: FinMin sourcesGovernment borrowing
Policy▲ bullishCentre cuts FY27 gross borrowing estimate to ₹15.99 lakh crore; H2 bond sales set at ₹7.86 trillionFY27 gross market borrowing cut to ₹15.99 lakh crore from ₹17.2 lakh crore budgetedGovernment borrowingG-secsBond yields
Policy▼ bearishOdisha tightens norms for Supplementary Budget for FY27 amid slow capexOdisha tightened norms for its FY27 Supplementary Budget amid slow capexGovernment capexInfrastructureEconomic growth
Funding and debt● mixedIndia lowers FY27 gross borrowing, to sell debt worth 7.86 trillion rupees in Oct-MarGovernment borrowing
Policy● mixedGovt Cuts FY27 Market Borrowing Target, Eyes Raising Rs 7.86 Lakh Crore In Second HalfThe government plans to raise ₹7.86 lakh crore in the second half of FY27Government borrowingBond yieldsG-secs
Funding and debt● mixedIndia plans Rs 7.86 lakh crore bond sales in H2, trims borrowing amid yield pressureIndia aims to raise ₹7.86 lakh crore through bond sales from October to MarchGovernment borrowingBond yieldsG-secs
Market move▼ bearishIndia bonds slide for sixth week as global rout deepensIndian government bonds have struggled amid rising global borrowing rates and soaring oil pricesG-secsBond yieldsCrude oil
Funding and debt● mixedIndia Pegs Second-Half Borrowing At 7.9 Trillion RupeesGovernment borrowingGlobal markets
Funding and debt▲ bullishCentre plans ₹7.86 lakh crore H2FY27 borrowing; full-year target cutH2FY27 borrowing will total ₹7.86 lakh crore, including ₹15,000 crore in green bondsGovernment borrowingBond yieldsG-secs
Data▼ bearishIndia road construction pace to slow to 21 km/day in FY27; state capex to outpace Centre: CareEdgeRoad construction is expected to slow to 21 km per day in FY27 from 25 km per day in FY26Roads and highwaysGovernment capexInfrastructure
Policy● mixedMake in India turns 12: Amit Shah points to record defence output, chip push and Rs 12.22 lakh crore capexDefenceGovernment capexManufacturing
Market move▼ bearishUS long-term borrowing costs touch highest level since 2004US long-term borrowing costs reached their highest level since 2004US TreasuriesBond yieldsUS deficit
● mixedFrance's fresh budget battle threatens to topple another governmentFrance’s budget battle could topple another governmentFranceBond yieldsGovernment borrowing